We reserve the right to delete comments or ban users who engage in personal attacks, use an excess of profanity, make verifiably false statements or are otherwise nasty. It will be the sort of apartment construction you see across the county today: upscale design with plenty of amenities (courtyards, swimming pool, roof deck). Two of the houses feature nine private bedrooms apiece (ranging from 130 to 180 square feet), each including a desk and vanity area. Please enable JavaScript in your browser for a better user experience. New St. Croix River Hounds ballpark, 2025 Ballparks I think people are going to start going up vertically for housing, he said. Officials at Riverwalk Towers, which used to be the Comstock Casino, report they have sold about 90 percent of their units. Residents of the Belvedere enjoy a rooftop pool with a spa and sun deck, a fully equipped exercise center, secure garage parking and a community lounge that offers billiard tables and a media room. He said the units would be "market rate" and affordable. Currently, there are 27 ACTIVE Condo Listings at this time for the Downtown Reno High Rise Condos category. 1 Bath. Edelstein admitted he eventually became gun-shy about announcing plans for the property after some near-misses. of $388. However, when comparing Renos current situation to 2000, when Reno casinos recorded a single-year record of more than $859 million in total gaming revenues, the market still has a steep hill to climb. Tucked on 527 Nevada St. in Renos newly created Neon Line District, the 19-unit development has rent prices ranging from $550 to $995 per month. Description. Unfortunately, this job posting is expired. Get a View of the Truckee River from these Condos, Five Things You'll Love About Living in Downtown Reno. The seller was charging $1, 150/unit but . Like all of our projects, we incorporate all the best practices in socially responsible commercial real estate development: early site control, equitable financing structure, social impact capital, and shared management. Initially, he would like the Reno City Council to rename Center Street to University Way. Tolles Development is announcing a student-focused retail development project just south of the University of Nevada, Reno. Kramer Properties said it has not started leasing yet, but will begin accepting applications at its grand opening, held Thursday, Feb. 6, from 3-7 p.m. at 523 Nevada Street in downtown Reno. And Dante Martin, whod been living unsheltered for months, decided to leave Reno after eight years. The number of gaming locations in Reno also declined. Samantha has been passionate about real estate and development in Reno from the moment she moved here in 2001. 50 Washington Street, Downtown Reno, Reno, NV For Lease $2.05/SF/MO Property Office 23,544 SF Availability 1 Space 4,044 SF Year Built 1975 View Details Contact Property PYRAMID BUILDING 10539 Professional Cir, Southeast Reno, Reno, NV For Lease $2.10/SF/MO Property Office Availability 1 Space 4,427 SF Year Built 2005 View Details Kramers first project in Reno was a 20-unit rehab development in Midtown, near Great Full Gardens. Common Grounds project has been structured to accommodate this complexity. Information Deemed Reliable But Not Guaranteed. (David Calvert/The Nevada Independent) Gaming revenues up in 2021 Ironically, Reno's casino market is in the midst of its best gaming revenue performance since 2005. We work in neighborhoods that are under the threat of gentrification and seek to find ways to incentivize opportunities for people to participate in the financial transactions of our projects. Downtown Renos resident population has increased by 1,000 people within the last year. Directions, PacificDevelopment, LLC 2018 - All Rights Reserved. Downtown Reno Home / Current Projects Current Projects 121 Vesta Street Residential by Mike Van Houten | Related News: 3 Two-building residential on corner of Holcomb and Vesta Read More 661 Lake Street by Mike Van Houten | Related News: 5 661 Lake Street is a residential project in downtown Reno on 6th Street. By Brent Lovett Downtown Reno Partnership Board Member. The former Harrahs Plaza along Virginia Street is being converted into an outdoor park-like setting. Both are on permanent disability. development, Greater Nevada Field, milb, reno aces. We provide investment opportunities that are sized with the community investors needs in mind and allow regular people to participate in the equity of projects. Units Mix: 79 Studios, 211 One-Bed units and100 Two-Bed units CAI Investments CEO Chris Beavor, who grew up in Reno, idealizes a downtown framed by the Truckee River that underscores Northern Nevadas outdoor lifestyle. Guests can indulge in massages at the spa, and The Shore Room serves Mediterranean cuisine. This charming home is a studio with 1 bath in the desirable Lakeside Plaza complex. Issue a 10-year plan to each acquired parcel for short-term, mid-term and long-term positioning in the areas of short-term stay hotels, auto body shops and local bars. Ready to move now? With an ample amount of street parking, this building serves is perfect as an office space. guaranteed, has been acquired from sources believed to be reliable. Find out how we are making the core of the city cleaner, safer and friendlier. Use the comment form below to begin a discussion about this content. held Thursday, Feb. 6, from 3-7 p.m. at 523 Nevada Street in downtown Reno . From the Reno Gazette-Journal: Several city officials at the event joked about peppering Reno Aces President Eric Edelstein with phone calls over the years about the status of the property. New Marshall University ballpark After spending more than a decade south in Sin City, Kramer migrated north to the Biggest Little City and quickly found the corridor of Reno he wanted to focus on revamping and building properties. The Summit Reno is proud to offer a wide variety of shopping and dining that will surely please even the most demanding patron. Downtown Damonte is a strategically planned, mixed-use district set in a beautiful mountainous landscape, alongside the community of Damonte Ranch. The City of Reno said the project did not require approval by the Planning Commission or City Council, developers went straight towards a building permit, which does not require public notice. Development was always a goal for the Aces and owner Herb Simon when he acquired downtown Reno land in 2008, but various factors, including a recession and the COVID-19 shutdowns, impacted development. Commercial Real Estate financing for redevelopment of distressed properties is particularly difficult given complicated governance structures and operations funding which are inherently incompatible with traditional commercial real estate financing. 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Last year, Reno-based Eldorado Resorts completed its $17.3 billion merger with Caesars Entertainment, taking on the corporate name. The mixed-use property from the San Francisco-based Kimpton chain will be fully non-smoking. I think it's good to have a completely different set of eyes because you have new people coming here.. 7 Homes in ZIP Code 89509 Under $200,000. And so we plan on having benches and a couple barbecues.. August Publications was formed in 2002 with the launch of Ballpark Digest. That was my vision; I saw it and its coming to fruition., Privacy Policy | Terms & Conditions Built & Managed by Stack Mode LLC. Neuroscience Group Field at Fox Cities Stadium (Wisconsin Timber Rattlers) updates Beavor said Fine Entertainment of Las Vegas, which operates six PKWY Taverns in Southern Nevada, will bring a couple of restaurant concepts to the facility. Ft. 4893 Reggie Rd, Reno, NV 89502-6358. The Palladio, right on the shores of the Truckee River. Rea is also optimistic about all the development going on at the university and downtown. I picked the Midtown area to put all my eggs in one basket, and I made a full push forward to do everything and only develop in Reno, Kramer said. The project consists of 369 multifamily dwelling units ranging from studios, 1 bedroom and 2 bedroom units. Ironically, Renos casino market is in the midst of its best gaming revenue performance since 2005. In addition, well: Partner with local business to ensure that the commercial spaces are redeveloped with local partners, Provide new acquisitions with ownership opportunities. It all means more people downtown.. With Reno in the midst of a housing affordability crisis, there was a lot of pressure to get something done with the vacant properties. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you. The opening is set for spring 2024. 1 E. First StreetPO Box 1900Reno, NV 89505 Full-Time. The median sale price was $250,000 with a median Price Per Square Foot of $332. Staff Report Thursday, July 14, 2022 His latest project is Kramers House Downtown, a co-living housing development geared toward young professionals. Three and a half years later, Kramer has acquired 10 properties and counting in Midtown Reno hes even sold some off in recent years. A Legacy of Excellence. A. Downtown Reno residents can enjoy not only city living, but the serene Truckee river as well. Get a View of the Truckee River from these CondosCondos near the Truckee River in Reno are few, but fine. Its flexible 7,000 seat capacity and its location . In regards to parking concerns, city staff said the building will create minimal traffic and it does not require street improvements. Downtown Reno is seeing the transformation from these actions with more students from the University feeling safe and moving to and walking around the downtown area, for example. 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